The news is not good for drivers: fuel prices will begin to rise again next week. Calculations show an increase of 15 cents per liter of diesel fuel and 10 cents per liter of gasoline.
Thus, diesel fuel could reach approximately 2.17 euros per liter, and gasoline—2.12 euros. It is important to note that each brand and gas station can set its own price, as the fuel pricing policy in Portugal is free. ANAREC Vice President, Mafalda Trigo, explained to RTP Antena1 that this is currently only a forecast based on international markets. The final cost will be confirmed today, but everything points to a significant increase.
With the forecast of new growth next week, economist Filipe Grilo expects record prices for consumers at gas stations. The specialist explains that the reason for this is the escalation of the war in the Middle East and increased profits from oil refining. He believes that the bad news will not stop here, and another rise in fuel prices is expected next week.
Forecasts from Galp, the association representing gas stations, as well as the Portuguese Automobile Club, indicate an increase in diesel and gasoline prices by more than 10 cents starting Monday. The previous record price for diesel fuel in North America was set in 2022 after Russia's invasion of Ukraine. Now, fuel exceeds all previous highs.